Qatari stock alert

QATAR

CLOSING UPDATE: Industries Qatar decreases 0.5%, led market lower 20 September 2018 13:24 AST

NEWS BITES - MIDDLE EAST & NORTH AFRICA

This is an end of day Alert, produced after today's Qatar market close. It concludes the BSS News Bites intra-day Alert series (summaries below).

Industries Qatar, Qatar's largest chemicals company by market capitalisation, has decreased 0.5% to trade at QAR122.36 vs. the QE Index which weakened 4.9 points (or 0.05%) to 9,790.0. Representing a weighting of about 17.1% of the index, the stock accounted for the loss. The shares have underperformed 95% of the market in the past week. Trading volume was 1.3 times average at the end of the day. Compared with the QE Index which fell 4.9 points (or 0.05%) in the day, this represented a relative price change of -0.4%.

Technical indicators complementing today's significant downtrend:

+ The price sank 4.3% in the last week.

Fundamental measures by comparison with the sector average [in brackets] indicate:

Overvaluation:

+ Price to Book of 2.2 [1.9]

Other Bearish Signals include:

+ Tobin's Q Ratio is 2.1. Compared with the rest of the market the stock is overvalued and ranks in the bottom quartile of stocks by value of Q Ratio.

Note

Industries Qatar today is at a discount of 6.2% to the 12-month high of QAR130.50 on 08 Aug, 2018. It is at a premium of 46.0% to the 12-month low of QAR83.79 on 06 Dec, 2017.

Bullish Signals:

The positive 0.73 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.

In the last three months the stock has hit a new 52-week high seven times, pointing to a significant uptrend.

The present value of QAR1,000 invested one year ago is QAR1,522 [vs QAR1,173 for the QE Index].

As per the Du Pont analysis, Return on Equity of 9.7% is better than sector average of 9.0%.

TODAY'S ALERT

Morning Alert: Industries Qatar decreases 0.1% on firm volume

20 September 2018 10:06 AST

Industries Qatar (QE:IQCD) traded on heavy volume of 1.2 times average so far today while the price decreased 17.0 Dirham (or 0.1%) to trade at QAR122.76.

RECENT ALERTS

CLOSING UPDATE: Industries Qatar decreases 0.3%, led Industrials index lower

19 September 2018 13:25 AST

Industries Qatar, Qatar's largest chemicals company by market capitalisation, has decreased 0.3% to trade at QAR122.93 vs. the Industrials index which weakened 5.0 points (or 0.2%) to 3,154.4. Representing a weighting of about 65.7% of the index, the stock accounted for the loss. The shares have underperformed 93% of the market in the past week. Trading volume was 1.2 times average at the end of the day. Compared with the QE Index which fell 27.6 points (or 0.3%) in the day, this represented a relative price change of -0.4%.

Morning Alert: Industries Qatar increases 0.02%

19 September 2018 10:06 AST

Industries Qatar (QE:IQCD) traded on volume of 0.7 times average so far today while the price increased 2.0 Dirham (or 0.02%) to trade at QAR123.31.

Industries Qatar (QA:IQCD; QD:IQCD)

ISIN: QA000A0KD6K3

PermID: 4295886945

Source: www.BuySellSignals.com